We assume that you will use the money for the purpose that was stated on your loan request.
In addition, there are a few specific restrictions. You CAN’T use your loan for:
- Anything related to education after high school (including tuition, supplies, or room and board)
- Making investments (such as securities or cryptocurrency)
- Anything illegal (but I guess we didn’t need to tell you that!)
We may cancel your loan if we determine that you intend to use any of your loan funds for any of these prohibited purposes. For more information, see your borrower agreement.